Which of the Following Would Be Classified as a Long-Term

question 56

Multiple Choice

Which of the following would be classified as a long-term operational asset?

• A)Notes receivable
• B)Trademark
• C)Inventory
• D)Accounts receivable

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Definitions:

Income

Earnings received by an individual or entity in exchange for labor or services, from investments, or through other sources.

Living Standards

The level of wealth, comfort, material goods, and necessities available to a person, group, or society.

Industrial Democracy

A form of organizational governance in which workers have a direct or representative role in decision-making processes.

Productivity

A measure of the efficiency of production, often quantified as the rate of output per unit of input.